Public Utility Commission of Texas Issues Regulatory Document on Broker Registration for Electricity

The Public Utility Commission of Texas (PUC) has issued a regulatory document outlining the requirements for broker registration in the electricity market. According to the document, any person providing brokerage services for compensation or other consideration must register with the PUC. Brokers provide advice or procurement services to retail electric customers regarding the selection of a retail electric provider or a product or service offered by a retail electric provider.

Key Takeaways:

• Brokerage services refer to providing advice or procurement services to retail electric customers, and brokers do not sell or take title to electric energy.
• Registered brokers must comply with customer protection provisions, disclosure requirements, and marketing guidelines established by the PUC.
• Failure to comply with PURA or Commission rules can result in an administrative penalty.
• The registration form requires providing all relevant information, and substantive changes must be promptly notified to the Commission.
• An affidavit must be sworn to by the owner, partner, or officer of the registrant, affirming that all statements made in the application are true and complete.
• The affidavit also requires the registrant to understand and comply with all applicable laws and rules.

Statistics:

• September 22, 2021, is the date of last update of the Broker Registration Form.
• 713-775-4556 is the telephone number of John D. Elder, the authorized representative of Acclaim Energy, LTD.
• 713-524-0250 is the telephone number of Acclaim Energy, LTD.
• 1321 Upland Dr. #18060 is the business mailing address of Acclaim Energy, LTD.

Sources:

• Public Utility Commission of Texas, "Public Utility Commission of Texas Application for Electricity Broker Registration" (2021)
• Public Utility Commission of Texas, "Broker Registration Form" (September 22, 2021)